US: UBS ups Molson's target share price
By just-drinks.com editorial team | 6 March 2002
Investment bank UBS Warburg has raised its target share price for Canadian brewer Molson, following the brewer's recent announcement of additional cost savings. UBS Warburg raised his 12-month target price 15% to C$37 after the company said on Friday it was looking at the additional savings, over and above its current three-year C$150m commitment to savings, in order to maintain its competitive edge.
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Investment bank UBS Warburg has raised its target share price for Canadian brewer Molson, following the brewer's recent announcement of additional cost savings. UBS Warburg raised his 12-month target price 15% to C$37 after the company said on Friday it was looking at the additional savings, over and above its current three-year C$150m commitment to savings, in order to maintain its competitive edge.
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